Today saw some very interesting trading in the shares of Google at the very end of the trading day. Nasdaq is citing “erroneous trades” as the culprit. Quite frankly I think a better explanation is in order because of the confusion that erupted when the stock went from 400 per share to a low of 25.80 within three minutes of [...]

Update: Dow closed down 777 points today. Nearly everything is down right now… Dow -500, Nasdaq -130, Oil under 100. The vote for the $700 billion bailout package has failed to pass in the house and has sent shockwaves through the financial markets as the level of economic uncertainty reaches new highs. This news has worked out well for my [...]

Another Everclear song this week. This one is a hidden track on the “Welcome to the Drama Club” album. Beautiful Dream -Everclear I had a dream I was living by the ocean I had a dream I was living in the sun I wake up sad because I’m living in darkness I know I’m not alone I know I’m not [...]

Washington Mutual has become the largest bank in United States history to fail and be seized by the Federal Deposit Insurance Corporation. This move was not necessarily a surprise as many analysts have been predicting WaMu’s demise for a while now. The sheer size of this failure is staggering – $308 Billion in assets. JP Morgan had to step in [...]

The ban on short-selling of financial stocks in the US has led me to be very interested in buying puts in some of these companies. In particular I have bought puts in Bank of America which was bid up after announcing a plan to buyout Merrill Lynch. The acquisition of Merrill and previously Countrywide is only going to cause significant [...]

This is one of my favorite Everclear songs with the new lineup and unfortunately they have not played it live at any of the concerts I’ve been to. “Hater” Everclear I don’t like the way that you talk to me When you tell me how it’s going be And I don’t like the way that you smile at me When [...]

The week of September 15 was nothing short of incredible for the stock market and the banking industry in this country. The week ahead will most likely be just as much of a roller coaster as more news pours in from all angles of the market. So far the stories that will affect stocks on Monday include the $700 Billion [...]

In light of current economic conditions, saving money wherever possible is very important. Debt consolidation is one way to lower your monthly payments, interest rates, and keep more of your money at the end of the month. The primary way to consolidate debt is to open a new line of credit, ideally with a significantly lower interest rate, and pay [...]

On Monday, the Dow Jones Industrial Average plummeted over 500 points because of the failure of Lehman Brothers, severe cash troubles at AIG and an announcement that Bank of America is buying Merrill Lynch. The Federal Reserve is feverishly pumping $50 Billion into the system to help these companies find the financing they need to keep afloat. The events that [...]

It has come to my attention that in order to take advantage of the $75 account opening bonus from Bank of America I wrote about a couple weeks ago you must first have a BofA credit card. I wasn’t aware of the requirement because I already have a credit card through them. If you would like to take advantage of [...]